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    Bihar Board XII Accountancy Dissolution of Partnership Firm
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List of top Accountancy Questions on Dissolution of Partnership Firm asked in Bihar Board XII

What journal entries would you pass for the following transactions on the dissolution of a firm of A and B?
(i) Dissolution expenses amounted to Rs. 500.
(ii) Unrecorded assets realised Rs. 2,500.
(iii) Stock worth Rs. 2,000 already transferred to Realisation A/c was taken over by partner A.
(iv) Creditors, already transferred to Realisation A/c, were paid Rs. 3,000.
(v) Profit on realisation Rs. 4,000 is to be distributed between A and B in the ratio of 3 : 1.
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Dissolution of Partnership Firm
When and why is realisation account prepared?
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Dissolution of Partnership Firm
If at the time of dissolution nothing is said about liabilities, then:
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Dissolution of Partnership Firm
On dissolution of the firm, Partners’ Capital Accounts are closed through:
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Dissolution of Partnership Firm